The Pre-Approval Process – Your Most Important First Step
In today’s real estate market, there is one thing that you should do before you do anything else. Even before you start trying to figure out what neighborhood you want to live in, or what type of home is a perfect fit for you, you’ll need to get pre-approved for a loan.
The pre-approval process is your pivotal first step. For starters, sellers won’t even entertain an offer on their home from a buyer that has not been pre-approved for a loan. Secondly, without being pre-approved, it’s impossible to know exactly what your home buying budget is.
What does it mean to be pre-approved for a loan? It means that a lender has formally gone through the process of determining how large of a loan you can qualify for. How does the pre-approval process help you?
- It helps you determine exactly how much you can afford to spend on a home
- It helps you determine what your monthly mortgage payment will be
- It helps you determine what type of loan program and down payment will work best for you
- It helps you identify if there are any issues on your credit report that need to be fixed
The pre-approval process has become so important that we will not even work with a buyer that hasn’t gone through the pre-approval process. Luckily, it’s a very simple process, can take as little as 15 minutes, and there is ZERO obligation to use our service or those of our preferred lender. Even better, it’s ABSOLUTELY FREE for our clients!
To get pre-qualified, please fill out the form below. This service is presented by Bank of America. All information is confidential, and it will NEVER be sold or given to any other parties.